June 13, 2024

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  • SEC, CFTC reportedly probing FTX over handling of customers’ funds.
  • Investigations also relate to lending.
  • SEC probe reportedly predates Binance’s acquisition of FTX.

U.S. financial regulators have apparently been actively following the carnage that’s ensued in cryptocurrency markets over the past couple of days.

According to a report by Bloomberg, people familiar with the matter said the Securities and Exchange Commission and the Commodity Futures Trading Commission are investigating the liquidity crunch at FTX that led to its non-U.S. operations being acquired by competitor Binance, the world’s largest exchange, on Tuesday.

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